Rental properties provide opportunities for owners to buy real estate and generate cash flow, making them attractive investments. The attractionespecially if combined with low-interest rates, a hot real estate market, and finding a good dealcauses some people to rush...
When you have a small business, you need to maintain accurate records of business financial transactions. If youve separated your personal and business bank accounts (which you absolutely must, no matter how small you think your business is), this should be relatively...
There is one other major difference for taxes coming up that I didnt mention: The increased itemized deduction limit. To explain this though, Ill give you some background. When people (normal people, not you crazy freelancers) talk about tax deductions they are...